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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
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» CSD.N0000 (Seylan Developments PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
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» Re-activating
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
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» APLA.N0000 (ACL Plastics PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Sri Lanka cabinet to meet on contingency liabilities, new taxes EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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HUNTER
blacknights
කිත්සිරි ද සිල්වා
pathfinder
poor boy
HAL9000
guruji
mymoney
Future123
sashimaal
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes

    sashimaal
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by sashimaal Fri Mar 04, 2016 1:04 pm

    ECONOMYNEXT - Sri Lanka's cabinet of ministers may have a special sessions to discuss plans to deal with debt repayments, Minister Gayantha Karunathilake said, with expectations that taxes will be hiked to reduce the budget deficit in a 'mini budget'.

    Finance Minister Ravi Karunanayake said this week that hidden liabilities had been discovered and the government had to come up with measures to deal with it.

    "There was discussion that a special cabinet meeting could be convened in the coming week to deal with it," Minister Karunathilake said.

    Prime Minister Ranil Wickremesinghe said in December that a 'contingency liability bill' may be brought to parliament in March with new taxes to sort out state finances.

    "We may have to bring a contingencies liability bill to parliament, sometime next year and the parliament may have to make recommendations," he said on December 02,

    "Parliament will have to decide how to raise additional revenues to pay for these expenditures."

    Sri Lanka's fragile state finances were further damaged in a January 2015 budget which raised state salaries 40 percent and hike state worker pensions and subsidies.

    The central bank then printed large volumes of money (central bank credit) to finance the deficit driving imports to unsustainable levels leading to a collapse of the currency.

    A November budget failed to address the revenue and instead cut value added taxes and also lifted a threshold on personal income tax.

    Sri Lanka has sought help from the International Monetary Fund, who has also asked the government to reduce the budget deficit which is the root cause of economic instability.

    There are expectations that valued added taxes may be raised to 15 percent and general corporate income taxes will be kept around 20 percent.

    Sri Lanka has a bloated public sector, which is stuffed with unemployable graduates (who have been taught from taxes collected from the general public) which is too heavy for the public to bear and special interest groups like farmers are also taught by the elected ruling class to demand privileges.

    State enterprises such as SriLankan Airlines and LakSathosa also make large losses and are mired in corruption, competing with education and healthcare for funds and generally winning, critics say.

    A government can tax people, which is the most transparent way of putting the burden on a large public sector, subsidies and loss-making state enterprises on the people, or take debt and burden yet unborn future generations, or print money and generate inflation and currency depreciation. (Colombo/Mar03/2016)
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by Future123 Fri Mar 04, 2016 3:00 pm

    Just now we are recovering from Fitch rating disaster and there is going to be a mini budget to raise taxes.

    Yahapalanaya ....please let us breath........ Sad Sad Sad Sad Sad Sad Sad
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by mymoney Fri Mar 04, 2016 3:18 pm

    What will be the cost of Living of general public after the tax increased ?
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by guruji Fri Mar 04, 2016 6:57 pm

    New hidden liabilites should dealt with hidden wealth of mr family
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by HAL9000 Fri Mar 04, 2016 7:15 pm

    IMF will come for a bailout similar to 2012, but will give advice for good reasons to reduce unnecessary expenses and to increase revenue. They will definitely advise to raise tax as government revenue is now at dismal situation and tax rates are in lowest levels in the world.

    http://www.ft.lk/article/500273/2016-Budget-puts-SL-s-income-tax-best-in-the-world-
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    Post by Future123 Fri Mar 04, 2016 8:04 pm

    The benefit of low corporate tax and income tax were not implemented yet and I think it's from new financial year starting April 2016. Therefore, we can't say that Sri Lanka has low tax rates as the benefit may be withdrawn when the interim budget is presented.

    In fact we had the highest rate of corporate taxes for blue chips in 2014/15 which was 53% (28% CT + 25% SGT).

    The business community would lose confidence further if the proposed Corporate tax rate of 15% as per 2016 budget is withdrawn. It shows the inconsistent policy. I don't think government would do the same mistakes again and again and chase out the investors.

    It's like you show a chocolate to a kid and when the kid comes closer to eat the chocolate you eat the chocolate without giving to the kid.

    The government is earning massively out of petrol and diesel. The prices are at bottom levels in the international markets and the benefits don't go to the consumers. Why can't they use this money?


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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by poor boy Fri Mar 04, 2016 9:17 pm

    i am also wondering what they are doing with fuel money and liquor taxes .liquor is taxed heavily .now even a GAL bottle has become a luxury.
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    Post by pathfinder Fri Mar 04, 2016 9:19 pm

    Future123 wrote:

    The government is earning massively out of petrol and diesel. The prices are at bottom levels in the international markets and the benefits don't go to the consumers. Why can't they use this money?

    ඇත්තටම ඇයි බැරි ? scratch
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by guruji Fri Mar 04, 2016 9:27 pm

    They hav to spend for their luxurious lives
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    Post by sashimaal Fri Mar 04, 2016 9:41 pm

    Main issue is the Rs 10k increase for Govt Servants. From what i know there is approx 1.4 million Government sector employees. Roughly this is close to Rs 14 Billion more money every month (only for the increase). All of this may not have been paid but still amounts to a massive amount. This goes to a massively underproductive bloated workforce (talking in general terms and directly excludes Doctors and Teachers).

    Further Samurdhi increases, Pension increases, Mahapola, etc needs a lot of money. These have to come from somewhere.

    This year there is Rs 1200 billion that needs to pay for the loans taken in the past. Like it or not that needs to be paid.

    Failure to increase interest rates and surprisingly reducing rates after the new Govt came in was a big mistake that the Govt did.

    World commodity market prices have come down drastically and has also effected our tea, rubber, etc industries. Our income has been drastically affected. Add to this, the global markets worries...

    Fuel money is one of the blessings that the Govt had . If not, may have gone bankrupt . Almost all Economists would say Govt reduced fuel prices too much . The politically motivated people fool the common man by showing how much world prices have come down without showing the other side of the story (which could be linked to economic mismanagement as well as mentioned above).


    poor boy wrote:i am  also wondering what they are doing with fuel money and liquor taxes .liquor is taxed heavily .now even a GAL bottle has become a luxury.
    කිත්සිරි ද සිල්වා
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by කිත්සිරි ද සිල්වා Fri Mar 04, 2016 9:51 pm

    බැරි වැඩ නොකරන් අබරෝ කියලා කතාවක් අහලා නැද්ද ? Very Happy
    (NATO boys never thought that they will get a chance to govern and now they are proving what a failure they are).
    Fat R is only good to be a butcher than a FM. Shocked
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by sashimaal Fri Mar 04, 2016 9:54 pm

    Yes Kithsiri, he is the biggest issue Smile


    කිත්සිරි ද සිල්වා wrote:බැරි වැඩ නොකරන් අබරෝ කියලා කතාවක් අහලා නැද්ද ? Very Happy
    (NATO boys never thought that they will get a chance to govern and now they are proving what a failure they are).
    Fat R is only good to be a butcher than a FM. Shocked
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by blacknights Sat Mar 05, 2016 7:43 am

    කිත්සිරි ද සිල්වා wrote:බැරි වැඩ නොකරන් අබරෝ කියලා කතාවක් අහලා නැද්ද ? Very Happy
    (NATO boys never thought that they will get a chance to govern and now they are proving what a failure they are).
    Fat R is only good to be a butcher than a FM. Shocked

    Yes Kith. Wondering why he is still our FM, Did you see his recent saying (I'd call a fairy tale) that LKR to USD could go back to 110? Laughing he should not even in the cabinet IMHO. Feel sad as well angry. Because they are playing with ours and our next generations' future. Evil or Very Mad
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by කිත්සිරි ද සිල්වා Sat Mar 05, 2016 8:50 am

    RW should have balls to tackle the issue but it is a public secret than he sans that.  Very Happy
    blacknights wrote:
    කිත්සිරි ද සිල්වා wrote:බැරි වැඩ නොකරන් අබරෝ කියලා කතාවක් අහලා නැද්ද ? Very Happy
    (NATO boys never thought that they will get a chance to govern and now they are proving what a failure they are).
    Fat R is only good to be a butcher than a FM. Shocked
    Yes Kith. Wondering why he is still our FM, Did you see his recent saying (I'd call a fairy tale) that LKR to USD could go back to 110?  Laughing  he should not even in the cabinet IMHO. Feel sad as well angry. Because they are playing with ours and our next generations' future. Evil or Very Mad
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by Future123 Sat Mar 05, 2016 11:36 am

    For me RK and RW both are same. I told you exactly a year ago when ASPI was around 7500 points and everyone criticized me.

    Just think who is happy in the society now.
    1) Farmers
    2) Engineers
    3) Doctors
    4) Investors
    5) Computer professionals
    6) Importers
    7) State sector workers
    Cool Car dealers
    9) Construction workers
    10) Trade unions
    HUNTER
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by HUNTER Sat Mar 05, 2016 1:31 pm

    I've not much been involved in politics and political discussions.

    Haven't even voted in any of recent (and past) elections either (not seen a single candidate with a proper 'vision' so far; so, didn't try to figure out the best of the bad lot).

    But, couldn't help but notice that, majority of members were biased towards the previous government change those days.

    However, it seems, based on the discussions going on now, I get the feeling, majority of members are thinking the change was like 'ඉඟුරු දී මිරිස් ගත්තා වගේ'.

    Especially, I can clearly notice the shift of tone over the period by Kith.

    He must be now wondering which one we should have selected.

    අලි බබා සහ හොරු හතලිහ
    OR
    වැඩ බැරි ටාසන් සහ දොන් ජුවන් ධර්මපාල

    Am I correct big bro?
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by Rana Sat Mar 05, 2016 1:52 pm

    1.workers need salary increment
    2.consumers need to reduce price of the consumer 3.goods ( they need to buy 1kg rice for Rs.60 but farmers want Rs.50 for 1 kg paddy)
    4.farmers need free fertilizers and Rs.50 per 1kg paddy.
    5.Companies need reduce taxes but don't want to increase salary

    how government increase their income when there are peoples who need every thing free.
    Should we bring from Mars

    Our country needs permanent development policy for 50 years which cannot change by any person

    We need clean politicians to develop our country, but our voters elect most corrupted politicians again and again.

    බත් පැකට් එකටයි අරක්කු භාගයටයි කතිරේ ගහන මිනිස්සු ඉන්න රටක් ඉදිරියට යා නොහැක.
    කිත්සිරි ද සිල්වා
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by කිත්සිරි ද සිල්වා Sat Mar 05, 2016 1:54 pm

    Well Said Rana.
    (This is why some are afraid of Colombian style thinking and dead against Loon project too). Very Happy
    Rana wrote:1.workers need salary increment
    2.consumers need to reduce  price of the consumer 3.goods ( they need to buy 1kg rice for Rs.60 but farmers want Rs.50 for 1 kg paddy)
    4.farmers need free fertilizers and Rs.50 per 1kg paddy.
    5.Companies need reduce taxes but don't want to increase salary

    how government increase their income when there are peoples who need  every thing free.
    Should we bring from Mars

    Our country needs permanent development policy for 50 years which cannot change by any person

    We need clean politicians to develop our country, but our voters elect most corrupted politicians again and again.

    බත්  පැකට්  එකටයි  අරක්කු  භාගයටයි  කතිරේ  ගහන  මිනිස්සු  ඉන්න  රටක්  ඉදිරියට  යා නොහැක.
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by Market lover Sat Mar 05, 2016 1:56 pm

    Well I think Kith doesn't want to see looters coming inn again but at the same time if he doesn't see any improvements with this new NATO boys delivering what they preach then he might not use his vote next time or else he will make sure his vote doesn't go to NATO boys or MR regime Smile is that correct kith ?
    කිත්සිරි ද සිල්වා
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by කිත්සිරි ද සිල්වා Sat Mar 05, 2016 2:07 pm

    Spot on and this is the dilemma of most rational / sensible thinkers.
    (JVPers are good people with lousy economic theories and General is too naive with no experience to entrust to run the country). Very Happy
    Market lover wrote:Well I think Kith doesn't want to see looters coming inn again but at the same time if he doesn't see any improvements with this new NATO boys delivering what they preach then he might not use his vote next time or else he will make sure his vote doesn't go to NATO boys or MR regime Smile is that correct kith ?
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by blacknights Sat Mar 05, 2016 2:34 pm

    කිත්සිරි ද සිල්වා wrote:RW should have balls to tackle the issue but it is a public secret than he sans that.  Very Happy
    blacknights wrote:
    කිත්සිරි ද සිල්වා wrote:බැරි වැඩ නොකරන් අබරෝ කියලා කතාවක් අහලා නැද්ද ? Very Happy
    (NATO boys never thought that they will get a chance to govern and now they are proving what a failure they are).
    Fat R is only good to be a butcher than a FM. Shocked
    Yes Kith. Wondering why he is still our FM, Did you see his recent saying (I'd call a fairy tale) that LKR to USD could go back to 110?  Laughing  he should not even in the cabinet IMHO. Feel sad as well angry. Because they are playing with ours and our next generations' future. Evil or Very Mad

    Razz Razz
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    Post by Future123 Sat Mar 05, 2016 3:10 pm

    It's RW who wanted to introduce the capital gain taxes and not RK. Both RW and RK are bad for investors ,economy and the country.

    Now foreign investors will pull out and CSE will be below 5000 points. It's the worst thing that can happen at this time. Are they having brains in their backsides to introduce capital gain taxes at a time we make massive losses.

    These buggers would never allow market to consolidate or to go up. From the day one it's evident.
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by roshana7549 Sat Mar 05, 2016 3:20 pm

    Future123 wrote:It's RW who wanted to introduce the capital gain taxes and not RK. Both RW and RK are bad for investors ,economy and the country.

    Now foreign investors will pull out and CSE will be below 5000 points. It's the worst thing that can happen at this time. Are they having brains in their backsides to introduce capital gain taxes at a time we make massive losses.

    These buggers would never allow market to consolidate or to go up. From the day one it's evident.

    Still It is not clear whether this Capital gain tax is imposed on share market, given the current situation in the market, it is likely they are going to exempt share market since there will not be any revenue to the government if the market collapse from this point, because the government will loose tax revenue from Transaction levy and capital gain tax if there are no acitivities in the market.

    Further it is very evident that main cause of the whole issue is the shortage of Foreign inflows and decline in government revenue in the short and medium term...

    Therefore It is likely they will impose this tax on other capital gains excluding share market......
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    Sri Lanka cabinet to meet on contingency liabilities, new taxes Empty Re: Sri Lanka cabinet to meet on contingency liabilities, new taxes

    Post by pathfinder Sat Mar 05, 2016 7:37 pm

    කිත්සිරි ද සිල්වා wrote:Spot on and this is the dilemma of most rational / sensible thinkers.
    (JVPers are good people with lousy economic theories and General is too naive with no experience to entrust to run the country). Very Happy
    Market lover wrote:Well I think Kith doesn't want to see looters coming inn again but at the same time if he doesn't see any improvements with this new NATO boys delivering what they preach then he might not use his vote next time or else he will make sure his vote doesn't go to NATO boys or MR regime Smile is that correct kith ?

    I think next time we can vote for an Indian politician after signing ECTA cheers
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    Post by sashimaal Sat Mar 05, 2016 7:46 pm


      Current date/time is Wed Jun 19, 2024 6:52 pm